Ford warned investors the company expects to incur an extra $1 billion in costs during the third quarter due to inflation and supply chain issues. Go to Source
Author: CNBC Online news
Tesla aims to cut wildfire smoke exposure for Nevada Gigafactory workers, memo explains
As the Mosquito Fire rages nearby, Tesla works to limit smoke exposure at Nevada Gigafactory. Go to Source
Why Ford is keeping its Mustang gas-powered as part of its electric vehicle push
Ford CEO Jim Farley believes keeping the iconic American brand gas-powered makes good business sense for the automaker for the foreseeable future. Go to Source
Ford unveils new gas-powered Mustang, while muscle car rivals go electric
Ford on Wednesday unveiled the redesigned 2024 Mustang hardtop and convertible with two gas-powered engines. Go to Source
Tesla struggles with Elon Musk’s strict return-to-office policy
The company is now surveilling employees’ attendance, with Musk receiving detailed weekly reports on absenteeism. Go to Source
Ford asks dealers to invest in EVs as it chases Tesla-like profit
The automaker is asking its nearly 3,000 dealers to invest upward of $1 million for upgrades to sell all-electric vehicles. Go to Source
Volvo starts series production of heavy-duty electric trucks, targets 50% of sales by 2030
Company faces growing competition in emerging sector. Go to Source
Chrysler to end production of 300 sedan after rolling out limited edition V-8 model
The 2023 Chrysler 300C will be powered by a 6.4-liter V-8 Hemi engine that produces 485 horsepower and 475 foot-pounds of torque. Go to Source
Nikola founder Trevor Milton stands trial on fraud charges, capping a stunning rise and fall
The founder of electric semitruck maker Nikola Motor is standing trial on fraud charges related to statements he made about the company’s technology and products. Go to Source
Ferrari just revealed its first-ever 4-door model, a high-riding and powerful sports car called the Purosangue
Ferrari’s new Purosangue is an SUV-like sports model, with four doors and a powerful V12 engine. Go to Source